Comment Text:
i0-001
COMMENT
CL-04145
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Subject:
linda spector
Tuesday, January 26, 2010 7:21 PM
secreta ry < secreta ry@ C FTC. g ov >
RE: regulation of retail forex
TO Whom It May Concern
Retail Forex does need regulation but not to reduce leverage to 10-1 , what needs regulating
arethe forex brokers themselves who are trading against the small retail trader.
they use unfair tactics in order to make sure that the small trader cannot win.
tactics such as withholding winnings, adding spurious charges to the account, spiking out the
stoplosses when the underlying market has not moved in order to take out the persons trade,
freezing the trading platform etc.
the retail forex market does need regulation to protect the little guy who's just trying to make a
living asa retail trader, reducing the leverage to that level will effectively kill off the small trader
who will have to use trading houses overseas. The big traders will move overseas and it will not
have accomplished anything.
please rethink this
thank you
linda spector
From: [email protected]
To: secreta [email protected]
Subject:
Date: Wed, 27 Jan 2010 00:12:56 +0000
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